Avago's 'Numbers Guy' Snags Biggest-Ever Tech Deal

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Don Clark An accelerating wave of consolidation in the semiconductor industry has a new point man: Hock Tan, a press-shy numbers guy now mounting the largest takeover in high-tech history. The 63-year-old chief executive of Avago Technologies Ltd. stepped ...

Oil Extends Gains, Investors Eye Next Week's OPEC Meeting

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Eric Yep Crude-oil futures extended gains in Asian trade Friday, helped by a decline in U.S. oil inventories and a softer U.S. dollar. On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at ...

Swiss Economy Shrinks, Squeezed By Strong Currency--Update

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Neil MacLucas ZURICH--Switzerland's economy contracted for the first time in 4 1/2 years in the first quarter as the strength of the Swiss franc hit foreign demand for the country's pharmaceutical and machinery products. Gross domestic product in the ...

ECB Says Private Sector Lending Stabilized in April

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Todd Buell FRANKFURT--Lending to the private sector stabilized in April, one month after rising for the first time in nearly three years, data from the European Central Bank showed Friday. In yearly terms, loans were flat, the data showed, ...

Euro Weakens Amid Greek Debt Stalemate

TODAY: May 29, 2015 PUB DATE: May 29, 2015

European stocks and the euro edged lower Friday, as Greece's negotiations with its international creditors kept investors on edge. The Stoxx Europe 600 was 0.3% lower in early trade, deepening Thursday's decline. A rally earlier in the week has evaporated ...

Euro Weakens Amid Greek Debt Stalemate

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Tommy Stubbington European stocks and the euro edged lower Friday, as Greece's negotiations with its international creditors kept investors on edge. The Stoxx Europe 600 was 0.3% lower in early trade, deepening Thursday's decline. A rally earlier in the ...

Swiss GDP Contracts as Strong Franc Hits Exports

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Neil MacLucas ZURICH--Switzerland's economy contracted in the first quarter as the strength of the Swiss franc hit demand for the country's pharmaceuticals and machinery products, data released Friday showed. Gross domestic product in the three months through March fell ...

Japan Inflation Slips Back to Zero

TODAY: May 29, 2015 PUB DATE: May 29, 2015

TOKYO—Japan's inflation slid back to zero in April, slowed by cheaper energy costs that pushed price movements further away from a 2% inflation goal. While the fall in inflation is the latest indication of the difficulties the Bank of Japan ...

Old Mutual Sells Skandia Leben for Undisclosed Sum

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Ian Walker LONDON--South African financial services firm Old Mutual PLC (OML.LN) said Friday it is selling Skandia Leben AG in Switzerland to Life Invest Holding AG, a company owned by the Mutschler Group and Hannover Re, for an undisclosed ...

Telefonica SA Closing of GVT acquisition

TODAY: May 29, 2015 PUB DATE: May 29, 2015

TIDMTDE RNS Number : 6019O Telefonica SA 29 May 2015 RAMIRO SÁNCHEZ DE LERÍN GARCÍA-OVIES General Secretary and Secretary to the Board of Directors TELEFÓNICA, S.A. TELEFÓNICA, S.A. (Telefónica) as provided in article 82 of the Spanish Stock Market Act ...

Polish 1Q GDP Revised Higher To 3.6% From 3.5%

TODAY: May 29, 2015 PUB DATE: May 29, 2015

WARSAW--Poland's economy accelerated in the first quarter with gross domestic product rising 3.6% on the year, faster than the preliminary reading of 3.5% and up from 3.3% in the fourth quarter, the Central Statistical Office said Friday. Seasonally adjusted quarterly ...

Judge Presses Both Sides in Battle Over Sysco Merger

TODAY: May 29, 2015 PUB DATE: May 29, 2015

WASHINGTON—A federal judge heard lively closing arguments Thursday in the government's challenge to the planned merger of rival food distributors Sysco Corp. and US Foods Inc., pressing both sides on potential weaknesses in their positions. After more than three hours ...

Dollar Lower Against Yen on Profit Taking

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Hiroyuki Kachi The dollar was drifting lower against the yen in Asia trade Friday, with some investors locking in profits ahead of the weekend following this week's high-profile rally. Around 0450 GMT, the dollar was at Y123.77, compared with ...

Swiss KOF Economic Indicator Edges Higher in May

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Neil MacLucas ZURICH--Switzerland's KOF leading economic indicator edged higher in May on signs the country's manufacturers are coming to terms with the negative affects of a stronger Swiss franc. The index rose 3.3 points to 93.1 in May from ...

German Retail Sales Grow Faster Than Expected in April

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Emese Bartha FRANKFURT--German retail sales rose faster than expected in April, supporting views that private consumption is likely to remain a solid pillar to economic growth in Europe's largest economy. Retail sales in April increased 1.7% in real adjusted ...

Thailand's Economic Recovery Remains Slow and Fragile in April

TODAY: May 29, 2015 PUB DATE: May 29, 2015

Nopparat Chaichalearmmongkol BANGKOK--Thailand's economy hadn't emerged from months of sluggishness in April, as the recovery continued to be slow and fragile, the Bank of Thailand said Friday. The country's private consumption index slipped 0.2% % from a year ago in ...

Digits

TODAY: May 29, 2015 PUB DATE: May 29, 2015

(FROM THE WALL STREET JOURNAL 5/29/15) Speech Recognition Gets Conversational Smartphones are good at understanding what users say to them, but they can't handle conversations. The shift from one speaking voice to another confuses virtually all speech-recognition software. Researchers at ...

Singapore April Bank Loans S$594.29 Billion Vs S$601.12 Billion in March

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Gaurav Raghuvanshi SINGAPORE--The Monetary Authority of Singapore Friday released the following provisional bank lending data for April: April Year Earlier March Total S$594.29 Bln S$591.05 Bln S$601.12 Bln Housing/Bridge S$179.31 Bln S$169.48 Bln S$179.12 Bln Professionals & Private Individuals ...

Sweden's GDP rose 0.4 percent in first quarter

TODAY: May 29, 2015 PUB DATE: May 29, 2015

Statistical news from Statistics Sweden 2015-05-29 9:30 AM Nr 2015:624 National accounts, 1st quarter 2015: Sweden's GDP rose 0.4 percent in first quarter Sweden's GDP increased 0.4 percent in the first quarter of 2015, seasonally adjusted and compared to the ...

Russian Industrial Production Remains Under Pressure

TODAY: May 29, 2015 PUB DATE: May 29, 2015

By Olga Razumovskaya MOSCOW--Russian industrial production may remain under pressure in May and June, according to an official forecast published by the economy ministry on Friday. Headline industrial production in April dropped 4.5% from a year earlier, the ministry said, ...